If you want to better understand how economic development work and how to explain that in the last decades some countries succeed to develop and other remain in the poverty trap, I give you as advice to read the following two books:
These two books look at history to show some lesson that we can learn on development and its relationship with trade. The two authors go beyond models and provide a clear analysis rooted on reality. What is more, both have a direct experience on how economies and economic development work. In fact, Reinert worked in the private sector as entrepreneur and Chang grew up in the middle of the “Korean Miracle”. Their experience and thinking outside the box is very valuable because they support their arguments with precise examples and historical analysis.
Both authors give me some hope that economics will stop to be highly dependent on ideological assumptions and supporter by mathematical models that oversimplify the reality and have as a main function to show this king of economics as scientific.
economics books trade and development
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